ATLANTA -- Two months after he persuaded a local court judge to bar a $10.8 million airport bond issue planned by Clayton County, Ga., antitax activist Jim Trammell is at it again.

Trammel's target this time: $4.9 million of revenue bonds that the county hopes to sell to fund a volleyball venue for the 1996 Summer Olympics. He insists that the volleyball bonds are actually general obligation debt in disguise, in violation of state law.

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